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Surety bonds and sureties in the construction industry

Published 1992

"Summer 1992."


Description based on title screen as viewed on March 30, 2009

Thesis (Master of Engineering) University of Florida, Summer 1992

Includes bibliographical references (p. 80-81)

The concept of suretyship is an old one. The Bible, the Code of Hammurabi, and the Magna Carta contain many pertinent references to suretyship. Solomon warns in the Book of Proverbs, 'he that is surety for a stranger shall smart for it.' The leading issue in Shakespeare's Merchant of Venice was the contract of suretyship entered into by Antonio and Shylock. Shylock was to take a pound of Antonio's flesh if Antonio's friend, Bassanio, was unable to pay his obligation to Shylock. Suretyship has far reaching applications in business and commerce today, particularly in the construction industry. Surety bonds play a major role in allocating particular risks within the tangled web of parties to a construction project. Sureties guarantee the construction contractor will meet its contract obligations, but a construction project owner may find getting the surety to act on its guarantee is not often an easy chore. Technical defenses which rely on an overlap of commercial and surety law make are often used successfully by sureties to minimize their losses

Mode of access: World Wide Web

System requirements: Adobe Acrobat Reader

ck/ 4/8/09

Publisher Gainesville, Florida: University of Florida
Pages 182
Language en_US
Call number ocn317402297
Digitizing sponsor Naval Postgraduate School, Dudley Knox Library
Book contributor Naval Postgraduate School, Dudley Knox Library
Collection navalpostgraduateschoollibrary; fedlink; americana
Notes No copyright page found.

Full catalog record MARCXML

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Reviewer: AbsoluteSurety - - December 24, 2013
Subject: Interesting read...
Wow, it is very interesting to know that Surety Bonds were discussed in the Bible. For some reason that fascinates me.
Review by
Naval Postgraduate School, Dudley Knox Library
by Elliott, John M.;Chiu, Ching-Sang.;Miller, James H.
Naval Postgraduate School, Dudley Knox Library
by Maassen, Leland Richard.;Whipple, David Richard, 1942-
Source: half